Solana Treasury News: Upexi Approves $50M Share Buyback After 50% Stock Slide

Upexi (UPXI), a Solana-centric digital asset treasury firm, has announced a $50 million stock buyback program following a significant drop in its share price. The company's stock has plummeted by 50% over the past month and nearly 90% from its peak in April. CEO Allan Marshall indicated that the buyback would be executed opportunistically, allowing the firm to maintain its focus on growth and treasury management. As part of a broader trend, many digital asset treasury companies are turning to share repurchases as their stock values decline, positioning them to potentially benefit from undervalued stock prices in relation to their crypto holdings. Currently, Upexi maintains a treasury of approximately 2.1 million SOL, worth around $319 million, even as the Solana price has been volatile, reflecting the overall challenges in the crypto market.

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